Lottery Entry Limit: No overall limit, but only 50 tickets can be bought at a single time through the UI
When you purchase a ticket, you will receive a random 4 digit combination, each digit ranges between 1-14, for example “3-9-8-14”. This 4 digit combination is to be used to to compare to the winning numbers for your chance to win!
The Rules to Win
In order to win any of the prizes, a user must match the 4 numbers on a ticket with the winning numbers (must be in the same position, order DOES matter).
Additionally, there are prizes for matching 2 and 3 numbers in the corresponding positions!
Winning Payouts & Rollovers
Match all 4 numbers in the exact order = win 50% of the pot (or split the pot if more than 1 winner).
Match 3 numbers in the exact order = win or split 12% of the pot.
Match 2 numbers in the exact order = win or split 8% of the pot.
15% of the pot will always be rolled over for the next lottery
15% of the pot will always be burned
In the event of no winners, the match 2, 3, and 4 rewards will be rolled over as well. So in that situation 85% would rollover, and 15% would be burnt.
Let's look at an example! If the final 4 winning numbers are “3-9-8-14” then…
“1-2-3-4” = match 0
“1-9-8-4” = match 2
“3-2-3-14” = match 2
“1-9-8-14” = match 3
“3-9-8-14” = match all 4
The lottery will occur every 24 hours with the winning number draw occurring at 02:00 UTC! Right after the winners are selected, there is a 1 hour period where ticket purchases are unavailable.
An example of the a lottery session is below:
Phase 1 - Purchase Tickets (1 hour after the previous draw ends, between 03:00 UTC - 01:59 UTC)
You have 22 hours and 59 minutes to buy tickets (starting at 03:00 UTC).
For every 2 BANANA spent, you will receive 1 ticket.
Every ticket purchased is added to the lottery jackpot, which you can see in the upper right of the page!
Phase 2 - Lottery Draws (02:00 UTC)
The winning lottery numbers are drawn and will appear on the page.
Each participant’s winnings will be automatically calculated based on their ticket numbers and shown on the page.
If you won you can claim your winnings! Go tweet and share that you won!
Additionally you can see the total results of all users who matched 2, 3 and 4 numbers
The next lottery will start immediately after
Winning Number Draw Process
The lottery aims to be completely random. Even though the ticket numbers given out are determined by a front-end logic, there is an extremely low chance that anyone is able to determine the 4 winning numbers ahead of time.
The 1st lottery number will be determined based on the %10 remainder of a hash encoded by the blockhash and the number of participating users at the entry deadline.
The 2nd lottery number will be determined based on the %10 remainder of a hash encoded by the blockhash and the total pooled BANANA balance at the entry deadline.
The 3rd lottery number will be determined based on the %10 remainder of a hash encoded by the blockhash and the timestamp of the last lottery participant at the entry deadline.
The 4th lottery number will be determined based on the %10 remainder of a hash encoded by the blockhash and the block difficulty at the entry deadline.